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Japan's wholesale inflation flat in December, eases pressure on BOJ

TOKYO (Reuters) -Japan's wholesale inflation was flat in December from a year earlier, slowing for the 12th consecutive month, underscoring the central bank's view that cost-push pressure from rising raw material prices will steadily dissipate. The data indicate that rises in consumer inflation will moderate in coming months, and take pressure off the Bank of Japan (BOJ) to phase out its massive monetary stimulus soon. The result was the lowest since a 0.9% drop in February 2021, sho...
Christopher Cushing Leika Kihara Lisa Shumaker Kazuo Ueda Consumer Inflation Bank Of Japan
Source: yahoo.com

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